4//SEC Filing
KAFU Holdings (QP), L.P. 4
Accession 0001638397-19-000005
CIK 0001070423other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 5:25 PM ET
Size
10.8 KB
Accession
0001638397-19-000005
Insider Transaction Report
Form 4
Transactions
- Other
Common Stock
2019-06-28+1,009→ 1,009 total(indirect: Ssee footnotes) - Exercise/Conversion
Class B Shares/Class A Units/GP Units
2019-06-28−1,009→ 16,278,228 total(indirect: See footnotes)Exercise: $0.00→ Common Units (1,009 underlying) - Other
Common Stock
2019-06-28−1,009→ 0 total(indirect: Ssee footnotes)
Footnotes (4)
- [F1]The Eighth Amended and Restated limited partnership agreement of Plains AAP, L.P. ("AAP") provides that each limited partner holding Class A Units will have the right, subject to certain limitations, to redeem its Class A Units for common units ("Common Units") of Plains All American Pipeline, L.P. (the "Issuer") held by AAP on a one-for-one basis, by delivering Class A Units to AAP with the associated Class B Shares in Plains GP Holdings, L.P. ("PAGP") and GP Units in PAA GP Holdings LLC (if applicable), to PAGP (the "Redemption Right"). The Redemption Right does not expire. On June 28, 2019, KAFU Holdings (QP), L.P. exercised the Redemption Right with respect to an aggregate 1,009 Class A Units.
- [F2]KAFU Holdings (QP), L.P. ("KAFU") owns an equivalent number of Class A Units, Class B Shares and GP Units. KACALP is the manager of the general partner of KAFU and may be deemed to beneficially own the Class A Units, Class B Shares and GP Units held by KAFU.
- [F3]The reported transactions involve an in-kind distribution to redeeming limited partners of KAFU Holdings (QP), L.P.
- [F4]In a simultaneous transaction, KAFU exercised the exchange right provided for in the limited partnership agreement of AAP pursuant to which 3,454 Class A Units, Class B Shares and GP Units were exchanged for a like number of PAGP Class A Shares. The number of derivative securities owned reflects both the redemption transaction reported herein and the simultaneous exchange transaction.
Documents
Issuer
PLAINS ALL AMERICAN PIPELINE LP
CIK 0001070423
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001638385
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 5:25 PM ET
- Size
- 10.8 KB